A crypto trader recently shared his outlook on altcoins to his over 400,000 Twitter followers. Known as TechDev, the famed specialist was bullish. From his words, the recent negative expectations on the crypto industry do not reflect the reality within the space itself. Here’s what TechDev predicts for the bitcoin (BTC) and altcoin markets next year.
Soon an uptrend for altcoins
TechDev said that the trend will be bullish in the altcoin markets next year. He expects to a massive rally for these assets, although many people are pessimistic about the future of the crypto sector. The crypto analyst concretely stated: “Altcoins still seem positioned for a markup phase through 2023. Expectations and narratives aside“.
One commenter reacted to the post by asking: “Is there a reason why you expect such a short accumulation period?“. “Maybe it’s the bullish divergence that’s forming“replied a user.
It must be said that two other analysts recently predicted a rise, but this time it only concerned Litecoin (LTC). One of them, called Smart Contracter, has suggested that the price of LTC will increase as the mining rewards halving date approaches.
Bitcoin (BTC) is not the rest
Recently, TechDev argued that Flagship Crypto Could Hit $120,000 in 2023. On November 21, he posted a chart of bitcoin stating, “Structurally, this correction remains more familiar than different“. “Perhaps if the April 2021 impulse top was more explosive than distributive […]69,000 would have been a lower high and participants would have had an easier time accepting the correction that began 18 months ago“, he added.
One commentator observed that BTC’s 2022 plus or minus $16,000 is equivalent (in purchasing power) to around $13,000 in 2017. That said, on Nov. 23, crypto trader TechDev reported that “if the BTC chart was upside down, the bears would be shorted“.
Predictions are going well in the crypto market. Many believe that, despite the damage caused by the collapse of the FTX crypto exchange, the industry will evolve significantly in the coming months.
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